17 Oct 2022 , 05:13 PM
Business Wire India
EDITOR’S SYNOPSIS
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ACC Limited (ACC), the building materials arm of the diversified Adani Group, today announced the financial results for the quarter ended September 30, 2022.
Operational Highlights:
Financial Highlights:
“The post-monsoon quarter will see the traditional rebound for the cement sector, including for ACC. We have had significant cost pressures in the recent past due to steep fuel price rise. However, recent cooling off in energy costs will impact us positively in the coming quarters, said” Mr. B. Sridhar, Whole Time Director & CEO ACC Limited. “During the quarter, ACC recorded strong growth in RMX volume of 10% and RMX business remains a huge growth engine for future. We have aggressive growth plans and our capacity expansion initiative through our new green field projects at Ametha is progressing well and is expected to be commissioned by March 2023.”
Consolidated Financial Performance for the quarter ended September 30, 2022:
Particulars | UoM | Quarter Jul-Sep 2022 |
Quarter Jul-Sep 2021 |
Sales Volume – Cement | Million Tonnes | 6.85 | 6.57 |
Sales Volume – Ready Mix Concrete | Million Cubic Meters | 0.75 | 0.68 |
Net Sales | Rs Crore | 3,910 | 3,653 |
EBITDA | Rs Crore | 16 | 712 |
EBITDA Margin | % | 0.4% | 19.5% |
ESG Highlights:
Targeting ESG leadership, ACC’s Sustainability strategy is led by its Sustainable Development 2030 plan.
About ACC Limited
ACC Limited is a part of Adani Cement and one of India’s leading producers of cement and ready-mix concrete. It is a member of the Adani Group – the largest and fastest-growing portfolio of diversified sustainable businesses. ACC has 17 cement manufacturing sites, over 83 concrete plants and a nationwide network of channel partners to serve its customers. With a world-class R&D centre in Mumbai, the quality of ACC’s products and services, as well as its commitment to technological development, make it a preferred brand in building materials. Established in 1936, ACC is counted among the country’s ‘Most Sustainable Companies’ and is recognised for its best practices in environment management and corporate citizenship. With sustainability at the core of its strategy, ACC is the first Indian Cement Company to sign the Net Zero Pledge with Science Based Targets.
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